Auto parts on the move

Top-performing stocks of the week

By

JennySpitz

SAN FRANCISCO (CBS.MW) - Auto parts makers and home construction companies ranked as the top performing stock sectors of the week Friday as stocks like Goodyear Tire and Rubber and Clayton Homes led the way. But tobacco stocks suffered.

Goodyear Tire and Rubber
GT, -1.12%
rose more than 8 percent for the week, helping push the Dow Jones Auto Parts and Tires Index up almost 5 percent. The company announced a wider loss for its fourth quarter on Thursday, but also said it plans to eliminate an unspecified number of jobs and may close some plants to cut costs. See full story.

Clayton Homes
CMH, +0.00%
was the buzz-worthy stock in the Dow Jones Home Construction Index after Berkshire Hathaway
BRK.A, -1.11%
said it had inked a deal to buy Clayton for $1.7 billion in cash. The index had a more than 5 percent jump for the week, while Clayton moved up nearly 12 percent.

Tobacco stocks were just as much in the news this week, but they did not fare so well. The Dow Jones Tobacco Index suffered a nearly 10 percent loss after an Illinois Senate panel rejected legislation that could have lowered a $12 billion bond Altria Group's
MO, -0.41%
tobacco unit has to post if it wants to appeal a massive judgment in the "light" cigarettes case.

Two weeks ago, a circuit court judge in downstate Madison County ordered the company's Philip Morris USA to pay $10 billion in damages and $2 billion in legal fees for deceiving consumers into thinking that low-tar cigarettes were less dangerous than regular smokes. See full story. Following the news, debt-rating agencies Moodys and Fitch said they might cut ratings for R.J. Reynolds Tobacco
RJR, +0.00%
because it faces the same problems that led them to downgrade Altria. Altria shares fell 11 percent for the week, while R.J. Reynolds were cut more than 6 percent.

A warning by component JDA Software Group
JDAS
helped to send the Dow Jones Diversified Services Index down nearly 4 percent See full story. The index was already spooked by warnings from fellow silicon stocks PeopleSoft
PSFT, +0.00%
and Sybase
SY, +1.27%
JDA's warning chopped its loss for the week down to nearly 14 percent.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.